Light and shadow: The revised version of the BaFin guidance note on guarantee business
On 3 April 2020, BaFin published its new guidance note on guarantee business (“New Guidance Note“). In practice,…
The EBA will be calling the shots in the future regarding anti-money laundering
On 5 February 2020, the European Banking Authority (“EBA”) published a new Consultation Paper on revised guidelines pertaining…
BaFin’s Instructions for the Interpretation and Application of the German Anti-Money Laundering Act (IIA)
On 11 December 2018, the German Federal Financial Supervisory Authority (hereinafter referred to as “BaFin”) published its Instructions…
Cloud computing – outsourcing into a “cloud”
Cloud computing is playing an increasingly important role as digitalisation progresses, including in the financial sector. When using…